Shopify

“Stripe, which has been leading the charge alongside, I would say, Microsoft and Shopify, publishes all the applications it receives, along with the details of what it's selected, The prices and the contracts.”

“One, they're gonna charge the cost. Their price is equal to the cost. And then there are other companies that their price Is less than the cost, and they're taking a loss because they want to come out, and they are having, they have a different business strate…”

“Though there is a growing buyer pool, it's really still predominantly dominated by a small number of companies that are procuring in part, not just for their own benefit, but trying to foster an ecosystem and support the development of the industry, right? So …”

“Things have started to change in the back half of 2023 where we got our first ocean deliveries from Running Tide, and then our first DAC credit delivery from Climeworks, which is the first batch of credits we've received from them from the contract that we sig…”

“That's what we're seeing play out is, you know, it is about three years before you can get those deliveries, because when we're making those purchase decisions, often we don't have full visibility, and neither does the company.”

“We've got 40 companies in our portfolio now, across a multitude of pathways”

“So we're just under 85,000 tons and that's durable carbon removal. So it doesn't include things with less than an estimated a hundred year permanence.”

“In order to function properly, we need to end up in a place where a ton is a ton is a ton, and there's two reasons for that. One, it, Provides that level playing field on the side of the suppliers, but it also provides a level requirement across companies or w…”

“So when we started, we began, it was, we didn't trust a credit that came out against an established protocol on a existing registry. We reviewed everything and went through it and set ourselves a new internal standard for what we would buy. so no, we do that …”

“And so we do a health check. And we do that health check every six months. And on an annual basis, we'll identify companies that, you know, we have concerns about. And then we look at, okay, well, they're in this vertical, they're doing this technology, we pro…”